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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1.

Multiple Choice Questions

1. What is the central action of economics?
(a) Prediction.
(b) Measurement.
(c) Theory.
(d) Assessment.

2. What percentage of people actually pays for Paul Feldman's wares?
(a) 87%.
(b) 50%.
(c) 100%,
(d) 12%.

3. What portion of the full commission does the seller's real estate agent generally get to keep?
(a) One half.
(b) One third.
(c) All of it.
(d) One fourth.

4. In the media, what term is given to the new, more dangerous violent criminal in the 1990s?
(a) Enhanced threat.
(b) Droog.
(c) Hyperstatistic.
(d) Superpredator.

5. Which of the following is not a bit of specialty information Levitt says a real estate owner claims to have?
(a) Architectural background.
(b) State of the buyer's mind.
(c) Housing market.
(d) The house's true value.

Short Answer Questions

1. Researchers determining whether teachers are encouraging cheating on standardized tests observe classes over how many years?

2. How many bouts does a sumo wrestler have to win in order for his ranking to rise?

3. In what year did the Chicago Public School system begin widespread standardized testing?

4. Which two philosophers does Levitt cite who subscribe to the belief that people are inherently good?

5. From what city is Norma McCorvey?

(see the answer key)

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